The Ministry of Planning reveals the most prominent outcomes of the private sector strategy for the coming years.
The Ministry of Planning reveals the most prominent outcomes of the private sector strategy for the coming years.
2026-01-16
The Ministry of Planning revealed on Friday the most prominent outputs of the private sector strategy for the coming years, while confirming that the formation of the permanent council for the development of the private sector represents the basic pillar for advancing the economic reality. The official spokesman for the ministry, Abdul Zahra Al-Hindawi, stated in a statement to the official agency that “the private sector development strategy, which was launched in 2016 and continues until 2030, is proceeding according to three outlined stages, starting with the preparation stage, followed by the empowerment stage, leading to the third stage, which is the leadership and pioneering of the private sector.”
Al-Hindawi added that “the most important practical steps resulting from this strategy are the formation of the (Permanent Council for the Development of the Private Sector), which is the first of its kind in Iraq,” noting that “the Council enjoys direct governmental support as it is headed by the Prime Minister, Muhammad Shia Al-Sudani, and the Minister of Planning is his deputy as first deputy, while the position of second deputy is held by one of the figures from the private economic sector.”
He also explained that “the council includes a general body consisting of more than 200 members representing all economic and development activities, in addition to an administrative body comprising about 30 members covering various economic and social activities in the country.”
Regarding the nature of the council’s work at the current stage, Al-Hindawi affirmed that “the council is currently working on formulating and translating the items of the strategy through a series of joint meetings and discussions between government agencies and the private sector,” explaining that “the goal is to study the reality of all sectors (tourism, industry, trade, and others) and develop specialized mechanisms to advance them.” He continued, “The work also includes studying a range of existing legislation and exploring the possibility of amending it, or proposing new legislation that contributes to empowering the private sector,” noting that “this great effort will leave a tangible impact on developing the structure of the national economy and strengthening the role of the private sector as a key partner in development.”
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